Common-size financial statements. The balance sheet information for two companies is in the popup windowE...
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Accounting
Common-size financial statements. The balance sheet information for two companies is in the popup windowE Complete the common-size balance sheet for companies. Review each company's percentages of total assets. Are these companies operating with similar philosophies or in similar industries? What appears to be the major difference in financing for these two companies? Complete the table below (Round up to two decimal places) %of %of Balance Total Co. 1 Assets Balance Total ASSETS Current assets Cash Investments Accounts receivable Co. 1 Assets LIABILITIE 5216| 4,027| 8,025| 5,270 22,538 76 | % | % |% 1% | Current liabilities Accounts payable |Short-term debt |Other short-lirm $ 12,302|% s 1,108 Accounts receivable S 8,025 |$ $ |ablities Total current assets Long-term investments Net plant, property % Total current liabilities 13,410 2.997|[ $ $ 2,997 S 4,833 S 4833 S 21,240 ]% |Long-term debt Other Babilities Total liabilities OWNERS' EQUITY |Common stock % and equipment S Gooder Intangible $ 9,724 S 5,375 $ 6,108 % % % 3,06411 1% Enter any number in the edit fields and then click Check
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